25,000 Shares in Westrock Coffee (NASDAQ:WEST) Purchased by AM Investment Strategies LLC

AM Investment Strategies LLC purchased a new position in Westrock Coffee (NASDAQ:WEST) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 25,000 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors also recently modified their holdings of WEST. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Westrock Coffee by 24.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,151 shares of the company’s stock valued at $90,000 after acquiring an additional 2,018 shares during the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of Westrock Coffee by 2.5% in the fourth quarter. Horrell Capital Management Inc. now owns 84,424 shares of the company’s stock worth $862,000 after buying an additional 2,094 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Westrock Coffee in the third quarter worth approximately $25,000. Gladius Capital Management LP purchased a new position in shares of Westrock Coffee in the third quarter worth approximately $29,000. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Westrock Coffee by 3.1% in the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after buying an additional 4,965 shares during the last quarter. 45.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WEST has been the topic of a number of research reports. Benchmark raised their price objective on shares of Westrock Coffee from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Telsey Advisory Group raised their target price on shares of Westrock Coffee from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th.

Westrock Coffee Trading Down 0.6 %

Shares of NASDAQ WEST traded down $0.06 during mid-day trading on Thursday, reaching $9.93. The company had a trading volume of 100,197 shares, compared to its average volume of 179,267. The business’s 50-day moving average is $10.00 and its 200-day moving average is $9.64. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market cap of $874.14 million, a price-to-earnings ratio of -17.73 and a beta of 0.46. Westrock Coffee has a 52 week low of $6.88 and a 52 week high of $12.41.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Westrock Coffee had a negative return on equity of 41.02% and a negative net margin of 4.05%. The business had revenue of $214.97 million during the quarter, compared to analysts’ expectations of $222.20 million. Equities analysts expect that Westrock Coffee will post -0.05 earnings per share for the current year.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.